Japan's retail sales up by 3% in May - Breaking The News

Japan's retail sales up by 3% in May

26 June

1 min read

EPA/ANDY RAIN

Retail trade in Japan expanded by 3% in May compared to the same month the previous year, the Ministry of Economy, Trade and Industry revealed in the report on Wednesday.

Month-on-month, the figure grew by 1.7%. The results came in above analysts' expectations. Commercial sales jumped 5.6% year-over-year while increasing 2% on a monthly basis.

Meanwhile, the seasonally adjusted value of sales in the wholesale industry surged 6.7% compared to May 2023. The figure expanded by 2.3% compared to the month before.

retail sales data

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